Childrens Place Correlations

PLCE Stock

USD 10.35 0.25 2.36%

The current 90-days correlation between Childrens Place and Buckle Inc is -0.04 (i.e., Good diversification). The correlation of Childrens Place is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Childrens Place Correlation With Market

Good diversification

The correlation between Childrens Place and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Childrens Place and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Childrens Place. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Childrens Stock refer to our How to Trade Childrens Stock guide.

Moving together with Childrens Stock

0.72

AZI

Autozi Internet Tech

Pair Corr

Moving against Childrens Stock

0.5	EBAY	eBay Inc	Pair Corr
0.47	RH	RH	Pair Corr
0.34	W	Wayfair	Pair Corr
0.78	ASO	Academy Sports Outdoors	Pair Corr
0.69	FNKO	Funko Inc	Pair Corr
0.66	DBI	Designer Brands	Pair Corr
0.65	DKS	Dicks Sporting Goods	Pair Corr
0.49	BBW	Build A Bear	Pair Corr
0.48	FIVE	Five Below	Pair Corr
0.46	AZO	AutoZone	Pair Corr
0.37	AAP	Advance Auto Parts	Pair Corr
0.33	DIT	AMCON Distributing	Pair Corr
0.32	ANF	Abercrombie Fitch	Pair Corr
0.31	WRBY	Warby Parker Downward Rally	Pair Corr

Related Correlations Analysis

	ROST	BKE	HIBB	GES	ANF	AEO	GPS	FL	URBN
ROST		0.75	0.0	-0.37	0.47	-0.28	0.0	-0.38	0.79	ROST
BKE	0.75		0.0	-0.64	0.17	-0.64	0.0	-0.51	0.64	BKE
HIBB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HIBB
GES	-0.37	-0.64	0.0		0.21	0.92	0.0	0.8	-0.56	GES
ANF	0.47	0.17	0.0	0.21		0.24	0.0	0.14	0.42	ANF
AEO	-0.28	-0.64	0.0	0.92	0.24		0.0	0.73	-0.42	AEO
GPS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GPS
FL	-0.38	-0.51	0.0	0.8	0.14	0.73	0.0		-0.55	FL
URBN	0.79	0.64	0.0	-0.56	0.42	-0.42	0.0	-0.55		URBN
	ROST	BKE	HIBB	GES	ANF	AEO	GPS	FL	URBN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AEO	+ 0.92	GES
FL	+ 0.8	GES
URBN	+ 0.79	ROST
BKE	+ 0.75	ROST
FL	+ 0.73	AEO
URBN	+ 0.64	BKE

High negative correlations

AEO	- 0.64	BKE
GES	- 0.64	BKE
URBN	- 0.56	GES
URBN	- 0.55	FL
FL	- 0.51	BKE
URBN	- 0.42	AEO

Risk-Adjusted Indicators

There is a big difference between Childrens Stock performing well and Childrens Place Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Childrens Place's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROST	0.98	0.02	0.00	0.06	1.20	(1.07)	2.25	(2.19)	7.28
BKE	1.31	0.26	0.17	0.57	1.28	(1.51)	2.88	(2.21)	9.59
HIBB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GES	1.98	(0.61)	0.00	(1.22)	0.00	0.00	2.64	(4.24)	12.49
ANF	2.65	0.00	0.00	0.00	0.00	0.00	5.09	(5.13)	23.02
AEO	1.86	(0.35)	0.00	(1.01)	0.00	0.00	3.52	(4.26)	20.40
GPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FL	1.84	(0.22)	0.00	(0.34)	0.00	0.00	3.83	(3.86)	15.08
URBN	2.04	0.70	0.39	3.50	1.35	(2.59)	4.35	(2.58)	22.12

Childrens Place Corporate Management

Philip Ende	GVP Estate	Profile
Mary Sheridan	Chief Officer	Profile
Jared Shure	General Officer	Profile
Rajat Jain	Logistics Technology	Profile

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